FILE PHOTO: Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. REUTERS/Brian Snyder
Brainard said the launch of the payments system is still expected in 2023 or 2024, but the Fed is prioritizing developing key aspects of the program first to get it off the ground as soon as possible.
wtf
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Democrats pitch bill for Fed to fight racial inequity in US economy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If there's things that can be done, I'm all for it. But the risk-benefit scenario for lenders based on their customer's ability and likelihood to repay seems to be the primary driver here. Lmao.....no.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Airline CEO: Industry 'needs the support' of Fed Gov.The CEO of Frontier Airlines, Barry Biffle, joins Ayman Mohyeldin after President Trump signaled he was willing to provide COVID relief funds to the airline industry. Biffle, whose company has alerted 1,500 of its staff they may be furloughed, welcomes the financial support, and stresses to potential customers that it's now 'time to fly' in order to save the industry. Translation: my salary is dependent on stock prices and bonuses; I couldn’t give a shit about employees. So please fly, I need that third house. 🙄 My doctor begged me not to fly. She said the risk was so high and I'd do nothing but either get sick or get others sick. And I fully trust her advice. I'm not flying anywhere until the virus is under control or there's a vaccine. To fly or die, that is the question.
Source: MSNBC - 🏆 469. / 51 Read more »
Fed policymakers say pickup in infections slowing U.S. economic recoveryA resurgence in coronavirus cases is slowing the economic recovery and the pandemic will continue to weigh on the U.S. economy and American life for longer than initially expected, three Federal Reserve policymakers said on Wednesday. Ya think? No shit. birkirstin Now, what could have been done differently ...? 🙄🙄🙄
Source: Reuters - 🏆 2. / 97 Read more »
Fed Vice Chair Clarida still sees the economy staging a comeback this year“It will take some time, I believe, before we get back to the level of activity that we were at in February, before the pandemic hit.” Here’s Fed Vice Chair Richard Clarida’s outlook for the economy.
Source: CNBC - 🏆 12. / 72 Read more »
Prince Harry Has Reportedly Been 'Fed Up' With William Since ChildhoodThe feud between Prince Harry and Prince William may have been brewing for a lot longer than we originally thought.
Source: CafeMom - 🏆 701. / 51 Read more »
Black-owned businesses more vulnerable to coronavirus crisis, NY Fed saysMany Black-owned businesses were already in a tough financial spot when the crisis hit, and were less equipped to outlast the prolonged business closures seen in areas with high infection rates, the New York Fed said in a report. "These firms had weaker financial cushions, weaker bank relationships Black-everything is more vulnerable to everything related to coronavirus, and that exposes the injustices & unfairness against blacks that is so prevalent in this country. They unlike their white counterparts have scarcely received any assistance from Fed Govt. Sickening.
Source: YahooNews - 🏆 380. / 59 Read more »